MReport October 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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14 | TH E M R EP O RT MCROWD 14 | TH E M R EP O RT GOVERNMENT DONALD H. LAYTON Freddie Mac announced that its CEO, Donald H. Layton, will retire in the second half of 2019. Freddie Mac's board has begun its CEO succession plan in response, which should be completed within this period. "Don has played an indispensable role in transforming Freddie Mac and moving the housing finance system in a better direction, particularly with his leadership in developing the GSE credit risk transfer market," said Christopher S. Lynch, Chairman of Freddie Mac's board of directors. "The board is extraordinarily grateful for his service to the company, and we anticipate that he will continue to play an invaluable role at Freddie Mac during his remaining tenure." The GSE is considering David Brickman, EVP and Head of Freddie Mac Multifamily, for the role. The board has already appointed Brickman to the role of President of Freddie Mac. LENDER/SERVICER KELLY ANN DOHERTY Coppell, Texas-based servicer Mr. Cooper has announced that Kelly Ann Doherty is joining the company's executive leadership team as Chief Communications Officer. In this new role, Doherty will be responsible for overseeing all facets of external and internal communications, as well as corporate positioning for WMIH and its family of companies, including its flagship brand, Mr. Cooper. Doherty is a strategic communications expert and has played a key leadership role in crafting and promoting Mr. Cooper's story through several major initiatives, including the Mr. Cooper brand launch and the recent WMIH Corp. holding company merger. Doherty is well known throughout Mr. Cooper as an advocate for team members and Mr. Cooper's values. In her new position, she will be integral in Mr. Cooper's efforts to further enhance a people-first culture. DEBRA MONTGOMERY New York-based Union Bank announced Debra Montgomery joined the bank as Managing Director, Pacific Northwest Region Manager for the Private Mortgage Division of Union Bank Home Loans. Montgomery will manage the team of private mortgage consultants specializing in offering home-lending products and services to the bank's private bank clients and prospects. "Union Bank is committed to growing its mortgage portfolio, which is now the sixth largest in the nation," said William Bilicki, Private Mortgage Division Executive. "That's why we are so excited to welcome Debra to our Private Mortgage Division. Her successful industry track record, proven leadership capabilities, and deep knowledge of the Pacific Northwest market make her ideally suited to lead our Pacific Northwest Private Mortgage team, deepen our client relationships, and grow our presence in the region." SERVICE PROVIDER BOB DOUGHERTY Mortgage industry veteran Bob Dougherty has been promoted to EVP of Business Development at California-based Calyx Software, taking the helm after predecessor Dennis Boggs retired on June 30 after 27 years with the company. "On behalf of everyone at Calyx, I want to thank Dennis for his numerous contributions, which helped our company grow from a small startup to a leading mortgage technology provider," said Doug Chang, Founder and CEO of Calyx Software. "As our industry evolves, it is critical to have a leader in place that not only understands mortgage technology but also the client- focused culture that drives our decision-making at Calyx. Bob's outstanding performance over the past two years, his experience as a mortgage lender, and his dedication to providing a high-quality customer experience will make this a smooth transition for our company and our clients." MICHAEL E. JACOBSON Mortgage Guaranty Insurance Corporation (MGIC), the Milwaukee- headquartered mortgage insurance company, recently announced it appointed Michael E. Jacobson as VP of Corporate Development. In his new role, Jacobson will lead the development of mortgage credit enhancement solutions. Before joining MGIC, Jacobson spent 13 years at Milliman, Inc., of Brookfield, Wisconsin. In 2017, Jacobson received the Milliman Chairman's Innovation Award. "Mike has had great success working with a variety of participants to identify new opportunities in mortgage credit risk," said Sal Miosi, EVP of Business Strategy and Operations at MGIC. "His creativity and drive will be an invaluable asset to MGIC as we continue to advance our role in the industry. I am excited to bring Mike onto the team and look forwarding to working with him in his new role." MARIETTA RODRIGUEZ Washington, D.C.-headquartered national, nonpartisan, nonprofit NeighborWorks America announced the appointment of Marietta Rodriguez as President and CEO of NeighborWorks America. Rodriguez has been with NeighborWorks for 20 years and most recently worked as Interim SVP for National Initiatives, where she managed a national down payment assistance program. "NeighborWorks America is pleased to welcome Marietta into her new role," said Grovetta Gardineer, Chair of the NeighborWorks America's board of directors and Senior Deputy Comptroller for Compliance and Community Affairs at the Office of the Comptroller of the Currency. "Marietta brings a breadth of experience and knowledge to the position, with a proven record of leadership and accomplishment, and I look forward to working with her in this new role." Who's moving on and who's moving up in the industry This month, some of the industry's largest companies saw significant changes to their corporate lineups. Know someone moving up in the industry? email us at

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